Belleville, MI 48111,46465 WILLIS Road
Belleville, MI 48111,46465 WILLIS Road
Belleville, MI 48111,46465 WILLIS Road
Belleville, MI 48111,46465 WILLIS Road
Belleville, MI 48111,46465 WILLIS Road
Belleville, MI 48111,46465 WILLIS Road
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$930,000

$940,000

1.1%
Est.Price: ?

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Est. payment /mo

12 Baths

1.38 Acres Lot


SOLD DATE : 10/22/2024

Key Details

Sold Price $930,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Municipality Sumpter Twp

Subdivision Sumpter Twp

MLS Listing ID 20240041672

Sold Date 10/22/24

HOA Y/N true

Originating Board Realcomp

Year Built 1946

Annual Tax Amount $9,395

Lot Size 1.380 Acres

Acres 1.38

Lot Dimensions 95x635x636x96

Property Description

This charming, fully occupied Sumpter Township 12-unit property is comprised of two duplexes, one triplex, one quad and a stand alone single family all on one parcel. There is also a land space with a garage on the back of the parcel perfect for renting to trailers, boats and other storage seekers. The properties have been well maintained over the years with historically terrific occupancy. Appraised previously at a 6.75% cap rate. Utility meters are separated by unit, and with an already outstanding NOI, there is significant value-add opportunity, too, in both raising rents and renting the land and garage storage spaces. Moreover, this can be done with low capital on the front end as the seller is in the process of passing all city inspections, which will be completed by closing. Huge bonus there as with the property being as turnkey as can be expected for a MF property, post-close, your only job is to maximize the NOI and valuation of the property with efficient operations. Owner statement, rent roll, and walk through videos of recently occupied unit available upon request.

Location

State MI

County Wayne

Area Wayne County - 100

Zoning Multi-Family,Residential

Direction Sumpter Rd south to Willis Rd West to Sharon Ct

Rooms

Basement Slab

Interior

Heating Forced Air

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Sewer Public

Water Public

Structure Type Vinyl Siding

Others

Tax ID 81034990004000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Keller Williams Somerset
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